Latest news with #Belrise
Time of India
28-05-2025
- Automotive
- Time of India
Belrise Industries shares list at 11% premium over IPO price. Should you ride this auto stock or hit the brakes?
Shares of Belrise Industries made a strong debut on the bourses Wednesday, listing at a premium of over 11% to its IPO price, following intense investor interest in the Pune-based auto components manufacturer's Rs 2,150 crore offering. The stock opened at Rs 100 on the NSE, reflecting an 11.11% gain over the issue price of Rs 90. On the BSE, it listed slightly lower at Rs 98.50, translating to a 9.44% premium. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Market buzz vs reality Ahead of its debut, Belrise's shares were commanding a Rs 28.5 premium in the grey market, implying a listing price of Rs 118.5, nearly 32% higher than the issue price. While actual gains fell short of grey market expectations, the stock still managed a healthy pop in a market that has recently turned more selective on IPO debuts. About Belrise Industries Founded in 1988 and formerly known as Badve Engineering, Belrise Industries is a key player in India's automotive supply chain. The company manufactures metal chassis systems, polymer parts, suspension systems, exhaust systems, and body-in-white components, serving a range of vehicle categories—two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles. Belrise holds a 24% market share in India's two-wheeler metal components segment. Its customer list includes top-tier OEMs like Hero MotoCorp , Bajaj Auto , Honda, Royal Enfield, Jaguar Land Rover, Tata Motors , and Mahindra. In FY24, the company posted revenue of Rs 7,555 crore and net profit of Rs 353 crore. The IPO proceeds are earmarked for debt repayment and general corporate purposes. Live Events Analysts weigh in Belrise's IPO was heavily oversubscribed, with 41.3 times overall subscriptions, including 108.35 times by QIBs, 38.33 times by NIIs, and 4.27 times by retail investors, signaling broad-based confidence in the company's outlook. Brokerages such as ICICI Securities, Geojit Financial Services , Choice Broking, and Anand Rathi had all recommended subscribing to the IPO, citing Belrise's robust OEM relationships, diversified product lines, and exposure to both traditional and electric vehicle (EV) segments. Gaurav Garg of Lemonn Markets Desk said Belrise Industries made a strong market debut and looking beyond the debut, "the company, a key supplier of safety-critical components and engineering solutions for two-wheelers, three-wheelers, four-wheelers, and commercial/agri vehicles, partners with top OEMs like Hero MotoCorp, Bajaj Auto, and Jaguar Land Rover. Its strong OEM ties and focus on future-ready segments make it a promising pick for medium-term to long-term investors." Also read | Belrise Industries shares list at 11% premium over IPO price
Mint
28-05-2025
- Business
- Mint
Belrise Industries IPO listing date today; GMP, experts signal strong debut of shares in stock market today
Belrise Industries IPO Listing: Belrise Industries shares are set to make their debut in the Indian stock market today after the conclusion of its initial public offering (IPO). Belrise Industries IPO listing date is today, May 28. The ₹ 2,150-crore worth public issue was open from May 21 to May 23. The IPO allotment was fixed on May 27, and Belrise Industries IPO listing date is May 28. Belrise Industries shares will be listed on both the stock exchanges - BSE and NSE. Ahead of the Belrise Industries IPO listing today, investors watch out the trends in the grey market premium to estimate the Belrise Industries IPO listing price. Belrise Industries IPO GMP today and analysts signal a share listing. Belrise Industries shares are showing a bullish trend in the unlisted market, with a positive grey market premium (GMP). Ahead of the share listing today, Belrise Industries IPO GMP today is ₹ 24 per share, according to stock market observers. This means that in the grey market, Belrise Industries shares are trading higher by ₹ 24 than their issue price of ₹ 90 per share. Considering the Belrise Industries IPO GMP today, the estimated listing price of Belrise Industries IPO shares is ₹ 114 apiece, which is at a 25% premium to the IPO price of ₹ 90 per share. Analysts also expect Belrise Industries shares to list at a decent premium after strong demand for its IPO. 'The anticipated listing price for Belrise Industries is around 20-25% premium over the issue price of ₹ 90. Investor interest remains strong. This enthusiasm is driven by Belrise's broad product offering, emphasis on EV and commercial vehicle segments, and its partnerships with OEMs,' said Mahesh M. Ojha, AVP - Research and Business Development at Hensex Securities Pvt Ltd. Given the prevailing market sentiment and the high level of oversubscription, Prashanth Tapse, Sr VP Research – Research Analyst at Mehta Equities Ltd anticipates a listing premium in the range of 20%–25% over the issue price. 'This expectation is supported by the healthy subscription figures and the company's strong fundamentals. Belrise has attracted investor interest by offering shares at a reasonable valuation, making it an appealing opportunity in the automotive manufacturing space. The company commands approximately 24% market share in India's two-wheeler metal components segment, underlining its leadership position. Additionally, Belrise has demonstrated consistent and strong revenue growth, further reinforcing its investment appeal,' Tapse said. The bidding for Belrise Industries IPO commenced for subscription on Wednesday, May 21, and concluded on Friday, May 23. The IPO allotment was finalized on May 26, and Belrise Industries IPO listing date is today, May 28. Belrise Industries shares will be listed on BSE and NSE. The ₹ 2,150-crore worth Belrise Industries IPO was entirely a fresh issue of 23.89 crore equity shares. The funds were raised at a price band of ₹ 85 to ₹ 90 per share. Belrise Industries IPO received stellar demand as the issue was subscribed 41.30 times in total. The public issue was subscribed 4.27 times in the retail category, 108.35 times in the Qualified Institutional Buyers (QIBs) category, and 38.33 times in the Non Institutional Investors (NII) category. Axis Capital, HSBC Securities & Capital Markets Pvt Ltd, Jefferies India, SBI Capital Markets are the book running lead managers of the Belrise Industries IPO, while Link Intime India Private Ltd is the IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
27-05-2025
- Automotive
- Mint
Belrise Industries IPO to list on Wednesday; here's what GMP signals ahead of debut
Belrise Industries IPO: The IPO of Belrise Industries, which concluded recently, is set to debut on the Indian stock exchanges on Wednesday, May 28. The issue received a healthy response from all categories of investors during its bidding period between May 21 and May 23, resulting in an overall subscription of 43 times. Given the strong demand, investor focus has now shifted to potential listing gains, typically gauged by the grey market premium (GMP). According to market sources, the company's shares are commanding a healthy GMP of ₹ 24 ahead of listing. Based on the IPO's upper price band of ₹ 90 and the current GMP, the estimated listing price of Belrise Industries stands at ₹ 114 per share, a 26.6% above the issue price. The grey market premium indicates investors' willingness to pay a premium over the IPO price. The mainboard IPO, valued at ₹ 2,150 crore, is entirely a fresh issue of 23.89 crore shares. According to exchange data, the portion reserved for non-institutional investors was subscribed 40 times, retail investors 4.52 times, and qualified institutional buyers 112 times. Belrise Industries plans to utilize the net proceeds from the issue towards repayment or pre-payment, in full or in part, of certain outstanding borrowings, as well as for general corporate purposes. Belrise Industries is an Indian automotive component manufacturer offering a wide range of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles. As of March 31, 2024, the company holds a 24% market share in the overall two-wheeler metal components segment in India (by revenue), making it one of the top three players in the segment. With rising product sales and a growing international presence, Belrise has shown strong revenue growth. Its product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems. Major clients include Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra. Analysts at Geojit Investments Ltd noted that at the upper price band of ₹ 90, the IPO is valued at a P/E ratio of 25.8x (FY24 EPS), which appears reasonably priced considering its long-term profitability and PAT margin expansion driven by improved financial metrics. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Time of India
26-05-2025
- Automotive
- Time of India
Belrise Industries IPO allotment to be finalised today: Here's how to check status, GMP and listing date
How to Check Belrise Industries IPO Allotment on BSE: Live Events Checking Allotment on MUFG Intime: GMP and listing outlook: Belrise IPO key dates About Belrise Industries (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The allotment for Belrise Industries' initial public offering (IPO) is expected to be finalised today, May 26. Investors who applied during the subscription window from May 21 to May 23 can check their allotment status via the registrar MUFG Intime India or on the BSE IPO received an overwhelming response, with an overall subscription of 43.14 times. The retail portion was subscribed 4.52 times, the NII (HNI) category saw 40.58 times subscription, while the QIB segment was subscribed 112.63 the BSE website: Select 'Equity' and choose 'Belrise Industries' from the dropdown menuEnter your application number or PANClick 'Search' to view the allotment statusVisit: Select 'Belrise Industries IPO'Enter your PAN, application number, or client IDClick 'Submit' to check your statusAs of the last update, the grey market premium (GMP) for Belrise Industries IPO was around Rs 26-27, indicating a listing gain of 29%.The IPO opened for subscription on May 21, and will close on May 23. The share allotment is scheduled for May 26, while the stock's listing is expected on May Industries is a prominent manufacturer of safety-critical automotive components. The company specializes in producing metal chassis systems , polymer parts, suspension systems, and exhaust solutions for a wide range of vehicles, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural customer portfolio features leading automotive brands such as Bajaj Auto , Honda, Hero MotoCorp , Royal Enfield, Jaguar Land Rover, Tata Motors , and Mahindra. As of June 2024, Belrise caters to 27 OEMs globally and operates 15 manufacturing facilities spread across nine Indian FY24, the company reported revenue of Rs 7,555 crore and a profit after tax of Rs 352.7 crore. With its strong financial performance, well-established client base, and emphasis on EV-agnostic components, analysts believe the IPO is likely to attract significant interest from a broad spectrum of investors.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
23-05-2025
- Business
- Economic Times
Belrise Industries IPO subscribed 5 times on Day 3: GMP rises to Rs 23
The initial public offering (IPO) of Belrise Industries, which opened for subscription on Wednesday, was booked 4.9 times by the third and final day of bidding. ADVERTISEMENT As of 10:57 AM, the IPO had received bids for 86,68,45,028 shares. The highest interest came from non-institutional investors (NIIs), who subscribed 16.91 times their allotted quota. Retail investors subscribed 2.11 times, while qualified institutional buyers (QIBs) subscribed 0.76 times. Ahead of the issue opening, the grey market premium (GMP) for Belrise Industries rose from Rs 14–15 on Day 2 to around Rs 22–23 on Day 3, indicating a premium of about 24%. Out of the total IPO proceeds of Rs 2,150 crore, the company plans to use Rs 1,618 crore for repaying certain borrowings, aimed at reducing interest costs and improving its balance sheet. The remaining amount will be allocated for general corporate purposes.. The IPO is being managed by a consortium of leading investment banks, including Axis Capital, Jefferies India, HSBC Securities, and SBI Capital Markets. Link Intime India has been appointed as the registrar for the issue. ADVERTISEMENT Analysts said Belrise has grown healthy double digit in the past and with introduction of new products aims for similar growth trajectory going forward as well."With Rs 1,618 crore debt repayment on anvil from IPO proceeds, resulting in imminent annual interest costs savings of Rs 150 crore and consequent PAT gain of Rs 110 crore coupled with organic growth prospects, Belrise is well poised to clock Rs 500 crore of PAT in FY27E which makes it a lucrative offering at 16x P/E on FY27E vs 20x PE being commanded by domestic ancillary players. Henceforth, we assign a SUBSCRIBE rating on Belrise Industries," said ICICI Direct. ADVERTISEMENT The IPO opened for subscription on May 21 and will close on May 23. The share allotment is scheduled for May 26, while the stock's listing is expected on May 28. ADVERTISEMENT Belrise Industries is a prominent manufacturer of safety-critical automotive components. The company specialises in producing metal chassis systems, polymer parts, suspension systems, and exhaust solutions for a wide range of vehicles, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural customer portfolio features leading automotive brands such as Bajaj Auto, Honda, Hero MotoCorp, Royal Enfield, Jaguar Land Rover, Tata Motors, and Mahindra. As of June 2024, Belrise caters to 27 OEMs globally and operates 15 manufacturing facilities spread across nine Indian FY24, the company reported revenue of Rs 7,555 crore and a profit after tax of Rs 352.7 crore. With its strong financial performance, well-established client base, and emphasis on EV-agnostic components, analysts believe the IPO is likely to attract significant interest from a broad spectrum of investors. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
